Latest Banking News
Egypt expected to raise interest rates after US Fed decision
CBE awaits inflation data to determine extent of increase
‘Khazna’ obtains CBE’s approval to launch prepaid card in partnership with ADIB
Khazna card allows money withdrawal and deposit, online payment, and payroll.
CBE releases core set of financial inclusion indicators
36.8m citizens own transactional accounts, including 16m women
Egypt looks forward to US Export-Import Bank providing low-cost finance for green projects: Finance Minister
Cairo targets increasing joint cooperation with EXIM Bank in financing development projects,…
CIB – Egypt reports 1Q 2022 consolidated net income of EGP 4.24bn
In a statement, the bank’s management commented that “1Q 2022 ended on…
Bank deposits increase to EGP 6.549trn in January 2022: CBE
Credit facilities increase by EGP 257.6bn in 7 months, reaching EGP 3.161trn
Central Bank of Egypt reveals reasons for high inflation in March 2022
Annual urban inflation jumps to 10.5% in March 2022, marking highest rate…
ABE completes preparations ahead of wheat harvest season
The bank is also facilitating supply operations from farmers and receiving all…
CBE includes medical professions in initiative for small projects, at an interest rate of 5%
The CBE also emphasised the role of banks in providing electronic payment…
Credit Agricole’s business strategy comes into line with Egypt’s objectives: Deputy Managing Director
Bank mainly directs financing toward sectors that Egypt seeks to develop, is…